[Politics] Brexit

[Triggaaar]

I get paid in GBP and transfer my wages into Euros . Compared with this time last year I'm now receiving almost 30% less euros every month . Holding my breath at the moment to see how low the £ will drop

I know, gutting. On a more positive note, the good news is, most of my earnings are in US$, so... every cloud.

 

[Pretty Plnk Fairy]

Where's my pot of blackberry jam? It's my favourite. I thought you would save me a jar.

i only sell to WINNERS x

Regards

DR

 

[Thunder Bolt]

i only sell to WINNERS x

Regards

DR

 

[5ways]

Worst bit is it was all so avoidable. We haven't even begun the process formally yet we all knows its going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade.

 

[scamander]

For all those pointing to the EU as a sanctuary, as mentioned, if Deutsche Bank goes under there could be a lot of problems. Just as well that the EU is drafting legislation which means in emergency situations this tab can be picked up by EU taxpayers. That's nice.

Just worth considering that wherever you are the financial situation isn't looking very good.

 

[Green Cross Code Man]

Worst bit is it was all so avoidable. We haven't even begun the process formally yet we all knows its going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade.

How was it avoidable? Oh I see, let's be dictated to by remainers such as yourself as we exiters are clearly too stupid to think for ourselves or look long term. It was only avoidable if the majority of people who voted in the referendum wanted us to continue in the EU. But you don't like democracy if the result doesn't go your way, a habit I presume you've learned from past EU votes.

Leaving the EU was always going to have repercussions, no one in their right mind said otherwise. The markets hate uncertainty and we have a period of relative instability now until things are formalised. Some short term effects of Brexit have worked to our advantage, some to our disadvantage. Calm down.

 

[Captain Sensible]

The recovery is going well... gbp up by 1c at 1.1127 v €. It's actually falling at the moment. It will most likely finish the day at around 1.10

 

[Captain Sensible]

A barrel of oil is now £8 more expensive just through the £ fall from Brexit, and we haven't even started anything yet.

 

[Seagull1989]

I know, gutting. On a more positive note, the good news is, most of my earnings are in US$, so... every cloud.

Yeah for every winner there's a loser . Should have transferred more last year

 

[Seagull1989]

Of course this is annoying for you, but you surely know that the rate ebbs and flows and that is the gamble you take, if you organise your money like that. This time last year it was just short of 1.40, when you will have gained.

Yeah it's as I live abroad I have to transfer my money . I didn't realise I had it so good a year ago and should have transferred more then in hindsight .

 

[Icy Gull]

Back up to 1.12 now

 

[JC Footy Genius]

Worst bit is it was all so avoidable. We haven't even begun the process formally yet we all knows its going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade.

Amusing to see how comments made by a deeply unpopular French President (who will be out of power in the upcoming election) reported in your favourite pro remain paper supposedly triggered a rogue algorithm is being presented as evidence Brexit is 'going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade'.

 

[One Love]

Amusing to see how comments made by a deeply unpopular French President (who will be out of power in the upcoming election) reported in your favourite pro remain paper supposedly triggered a rogue algorithm is being presented as evidence Brexit is 'going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade'.

Probably more likely that someone at the Bank of England cocked up their nightmare of propping up sterling for a while and it went into freefall.

 

[ALBION28]

Worst ever level for £ V $ Feb 1985 £!=$1.05 Prime minister Conservative Margaret Thatcher Worst level since then Prime minister Conservative Teresa May. Is it just bad luck? A woman thing? A Conservative thing? Answers on the back of a postcard to........

 

[JC Footy Genius]

Probably more likely that someone at the Bank of England cocked up their nightmare of propping up sterling for a while and it went into freefall.

Bank probes flash crash

The Bank of England is investigating the cause of a sharp fall in the value of the pound in overnight trading in Asia.

"The Bank is looking into last night's fall in sterling," the spokesman said.

Traders have said they believed computer-initiated sell orders pushed the pound down steeply earlier on Friday which left the currency on track for its worst week since the Brexit vote in June.

Perhaps our PM should make some intemperate comments about the state of the French economy in one of their papers ...

 

[Billy the Fish]

Worst bit is it was all so avoidable.

Yes, if the federalists from the European Council (and Commission) had listened to the British people's concerns over the EU and been more open to a bit of reform back in February then remain might just have sneaked a win. All they had to do was allow Cameron to go back with a couple of worthwhile concessions.

Blame the likes of Tusk and Juncker for being so arrogant.

 

[Blue Valkyrie]

I know, gutting. On a more positive note, the good news is, most of my earnings are in US$, so... every cloud.

At least you are not relocating to Swindon...

 

[Ernest]

It's the TORY way to TRASH the economy and then FOOL the IDIOTS into BLAMING Labour for it, you can guarantee all the rich in society won't suffer because of it either

 

[Captain Sensible]

Back up to 1.12 now

 

[Captain Sensible]

Perhaps the algorithm everyone is blaming actually got it right. The £ is not recovering at all after the initial gain after the sell.